The US might be on the brink of its biggest crypto moment yet, but it is coming with a full dose of political theater, stablecoins, and Trump-branded urgency. House Republicans are reportedly prepping to deliver the Senate’s landmark GENIUS Act to President Trump’s desk as early as the week of July 7.
At the same time, they’re eyeing a vote on the long-awaited crypto market structure bill, CLARITY Act. It is anticipated that the House might package both bills together in a single procedural vote. This can be a legislative two-for-one special voting, which is now turbocharged by Trump’s all-caps tweet, “LIGHTNING FAST.”
Crypto bills near Trump’s desk
The GENIUS Act is not a small bill, as it might sound. This is the first serious attempt to give US dollar-pegged stablecoins proper federal guardrails and a legal backup to private digital dollar issuers. It passed the Senate with a strong bipartisan 68-30 vote and sent a clear signal that crypto’s moving to Washington.
Trump’s digital asset empire and 2024 campaign have been powered by some big crypto players, meme coins, and David Sacks. In an X post, the Crypto Czar stated that “July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!”
Sacks even thanked Senate Banking Committee Chair Tim Scott and Digital Assets Subcommittee Chair Senator Cynthia Lummis for laying down a clear timeline and plan for crypto market structure legislation. This includes introducing the bill before August recess, marking it up in the first week of September, and getting it done by the end of the month.
He added that President Trump supports CLARITY on market structure as well as GENIUS on stablecoins.
July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!
— David Sacks (@davidsacks47) June 26, 2025
The strategy here seems clear: ride the bipartisan momentum of stablecoin regulation to pull the broader market structure bill across the finish line. It’s a political high-wire act because while GENIUS has Senate traction, the CLARITY Act faces a rockier path, with agriculture and banking committees still weighing in. However, if anyone can turn regulatory chaos into a political showstopper, it’s Trump.
House rushes crypto bills
According to reports, Capitol Hill aides say conversations are still underway on how to move both bills forward. Committee chairs like French Hill and Tim Scott are threading the needle to make sure the crypto industry, which poured $250 million into this election cycle, gets the clarity it’s been asking for.
Meanwhile, the White House Council on Digital Assets, helmed by Bo Hines, is talking openly about making the US “welcoming” again for innovators. That’s a serious pivot from the “Operation Chokepoint 2.0” just a year ago.
If the House moves fast in July, Trump could be signing the first federal crypto law in US history before summer ends and setting the stage for a regulatory framework that turns the US into the next crypto capital.
The digital assets market is still stuck in turbulence, while Bitcoin is sailing the high waves alone. As all the major altcoins printed red indexes, BTC price is slowly moving towards its recent all-time high. Despite fresh pullbacks, Bitcoin is trading over $107k. The cumulative crypto market cap hovers around $3.28 trillion, with a trading volume of $100 billion.
The stablecoin market saw some bullish updates lately and its total market cap moved to breach the $260 billion mark. Tether’s USDT is still the king of the category as it holds $157.5 billion of the market cap with a trading volume of over $38 billion. USDC stands second in the tally with a cap of $61.6 billion.
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